LOS ANGELES–(BUSINESS WIRE)–$NGHC #NGHC—The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of National General Holdings Corp. (“National General” or “the Company”) (NASDAQ: NGHC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. National General became the target of an internal investigation by Wells Fargo in July 2016 during the bank’s fake account scandal. Wells Fargo was investigating the Company to determine its role in pushing unnecessary auto insurance policies on Wells Fargo’s customers. National General was also the target of an investigation by California’s insurance regulator in August, 2017, which investigated if the Company broke state laws related to forcing “lender-placed” auto insurance on customers. Based on this news, shares of National General suffered a steep drop in value.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.